Leading semiconductor equipment manufacturer ASML Holding NV and France-based AI leader Mistral AI announced a strategic partnership on September 9, 2025, based on a long-term collaboration agreement to explore the use of AI models across ASML's product portfolio as well as research, development, and operations. The partnership aims to benefit ASML customers with faster time to market and higher performance, holistic lithography systems.

Investment Details and Ownership Structure

ASML is investing EUR 1.3 billion in Mistral AI's Series C funding round as the lead investor to support its development and reinforce the long-term partnership benefits. This investment results in ASML holding an approximately 11 percent share on a fully diluted basis in Mistral AI. As part of its investment, ASML will gain a seat on the Strategic Committee of Mistral AI, offering ASML an advisory role in Mistral AI's future strategy and technology decisions.

ASML Chief Financial Officer Roger Dassen will assume this role in addition to his existing responsibilities.

Partnership Objectives and Innovation Focus

The collaboration between the two companies goes beyond a traditional vendor-client relationship. It represents what the companies describe as a first-of-its-kind partnership between a semiconductor equipment manufacturer and a leading AI company. The partnership will bring together ASML's leading capabilities in holistic lithography products and services, along with Mistral AI's expertise.

ASML believes that working with Mistral AI will allow both companies to innovate faster together. The collaboration aims to generate clear benefits for ASML customers through innovative products and solutions enabled by AI, and will offer potential for joint research to address future opportunities.

Executive Statements on Strategic Value

ASML President and Chief Executive Officer Christophe Fouquet stated that the strategic partnership with Mistral AI is “the best way to capture this significant opportunity” and expressed belief that “this collaboration is value-enhancing to Mistral AI.” Mistral AI Co-Founder and Chief Executive Officer Arthur Mensch commented on the partnership, saying the company is “proud to engage in this long-term partnership with ASML, combining our frontier AI expertise with ASML's unmatched industrial leadership and most sophisticated engineering capabilities.”

Mensch believes the partnership will strengthen Mistral AI's proposition, position, and value in the AI market, stating that “together, we will accelerate technological progress across the global semiconductor and AI value chain.”

Company Profiles and Operations

ASML is a leading supplier to the semiconductor industry that provides chipmakers with hardware, software, and services to mass-produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. The company enables groundbreaking technology to solve challenges in healthcare, energy use and conservation, mobility, and agriculture.

The multinational company is headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US, and Asia. ASML employs more than 44,000 employees (FTE) who challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Mistral AI is described as a pioneer company in generative artificial intelligence that empowers the world with tools to build and benefit from transformative technology.

The company democratizes AI through high-performance, optimized, and cutting-edge open-source models, products, and solutions, as well as end-to-end infrastructure with Mistral Compute. Headquartered in France and independent, Mistral AI defends a decentralized and transparent approach to technology, with a strong global presence in the United States, United Kingdom, and Singapore.

The company positions itself as empowering the world with the tools to build and benefit from what it calls the most transformative technology of our time.

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